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220 Urban Avenue

220 Urban Avenue, Gaithersburg, MD 20878
Property in Montgomery
Sold Aug 24, 2018
$389,000
Buyer
Seller
$194,500 by Wei Mortgage Corporation
Mortgage Due Sep 01, 2033
Sold Mar 08, 2011
$325,000
Buyer
Seller
220 Urban Avenue has been categorized by the local assessors in Gaithersburg, MD as a residential type of property. The building on the property was first built in 2011 and is 13 years old. In addition, 220 Urban Avenue has 1,888 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 220 Urban Avenue was last sold in Aug 7, 2018 for $389,000. According to our calculations, that's $206.04 per sqft. Prior to that sales transaction, the property was sold for $325,000 in Jan 1, 1970. Current property owners are expected to pay $4,508 in taxes per year. The property on 220 Urban Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $385,000. To break that down further, the land itself was valued at $115,500. While improvements to the property were assessed at a total of $269,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1
  • Total Building Area: 1,888
  • Gross Building Area: 1,888
  • Building Area: 1,888
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,888
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UN 220 PARKLANDS AT WATKINS MILL TOWN CENTER CODM NO 1 PH 4

Ownership

  • Current Owner : LI XIAOYI
  • Previous Owner : LEE AUTUMN E
  • Owner Before Previous Owner: NOT PROVIDED
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 700706

Zoning

  • Zoning: MXD

Geography

  • Assessors Map Reference: FT22
  • Account Number: 03676491
  • District: 09
  • Subdivision Phase Number: 4
  • Parcel: 09-03676491
  • Municipality: GAITHERSBURG
  • Latitude: 39.1527
  • Longitude: -77.2278

    Address

  • Full Address: 220 Urban Ave
  • Legal Unit: 220
  • Address - House Number: 220
  • Address - Street Name: Urban
  • Address - Suffix Type: Ave
  • State: MD
  • City Name: Gaithersburg
  • Carrier Code: C008
  • 4-Digit Zip Code: 4034
  • Zip Code: 20878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,508
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.1403
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 83
  • Final Value: 478,902
  • High Value: 546,102
  • Low Value: 411,701

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $367,500
  • First Open Lien Mortgage Lender: WEI MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Aug 24, 2018
  • First Open Lien Mortgage Loan Amount: $194,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2033
  • Second Open Lien Mortgage Lender: TOPONE MORTGAGE INC
  • Second Open Lien Mortgage Recording Date: Mar 15, 2021
  • Second Open Lien Mortgage Loan Amount: $173,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2035

    Market Valuation

  • Market Total Value: $385,000
  • Market Land Value: $115,500
  • Market Improvement Value: $269,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $385,000
  • Assessed Land Value: $115,500
  • Assessed Improvements Value: $269,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 07, 2018
  • Current Sale Recording Date: Aug 24, 2018
  • Current Sale Transaction ID: 11501661699
  • Current Sale Price: $389,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Mar 08, 2011
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WEI MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Aug 24, 2018
  • First Mortgage Loan Amount: $194,500
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2033

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Frequently Asked Questions

What neighborhood is 220 Urban Avenue located in?
The 220 Urban Avenue is a located in the neighborhood of Montgomery in Gaithersburg, Gaithersburg.
What is the average sales price for listings in 220 Urban Avenue?
The average sales price for units in 220 Urban Avenue is $0 currently.

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